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Jul 10, 2013 4:30am EDT
senate majority leader harry reid. >> the house has done its job. >> reporter: the house republicans passed a bill that ties the u.s. loan rate to the borrowing cost plus 2.5%. as the rates raise, so does the cost of education, up to a max of 8.4%. democrat senator joe manchin is working with republicans and has proposed a similar plan with one key difference. it won't use the savings to pay down the nation's debt. >> in this bipartisan group we all agree that profit should not be made on the parts of students going to school. >> but majority leader harry reid said he will not tie it to any rates on the u.s. market. the loan debt now exceeds $1 trillion which economists fear is stifling students and others as well. anne-marie? >> tara mergener in washington. thank you, tara. >>> well, tropical storm chantal is threatening to become a hurricane. the storm is about 200 miles south of puerto rico. the sustained winds are at 60 miles an hour. chantal is expected to hit the dominican republic this afternoon. a hurricane watch has been issued for the island. the storm could hammer the baha
Search Results 0 to 0 of about 1